-sponsoring, the balancing act i believe it's called, that would close upper income tax loopholes and keep nearly 300,000 teachers at work and add 1 million jobs to the economy. have i got that right, sir? >> you've got to right. and all we do is close loopholes on the fossil fuel industry, on the yacht owners and the plane owners. we close loopholes on carried interest. loopholes that should be closed in any budget environment. we close those and then we arrive at a place where we have balance between the cuts that we've already seen, $1.7 trillion, and revenue increases, and then through changes in -- through reductions and efficiencies in the pentagon budget, we put $300 billion into jobs, which saves teachers, which invests in school frukt, a and helps schools. >> congressman, mr. ryan and mr. mcconnell at the beginning of this year said quite clearly the revenues issue is now closed. it's off the table. there are no more discussions on revenues. >> so they would rather cut home heating oil for seniors -- >> yes. >> they'd rather cut women and infants and children. >> yes. >> food grams. >> yes.
